Alphabet's first-quarter earnings report indicated notable growth, as revenue rose by 12% to $90.2 billion and profit surged 46% to $34.5 billion. The gains were driven by Google's thriving search and advertising sectors, which grew 9.8% year-over-year. The integration of AI tools, particularly the AI Overviews tool in search, contributed significantly to this growth. However, despite the positive outlook, the company remained cautious about macroeconomic factors that could affect its advertising revenue in the future, particularly due to impending regulatory changes targeting its business in the Asia Pacific region.
Alphabet saw a 12% increase in revenue, reaching $90.2bn, with a net income hike of 46%. This strong performance alleviated trade concerns and showed resilience.
Philipp Schindler noted the company is not immune to macroeconomic uncertainties, mentioning potential headwinds for the ads business from upcoming regulatory changes in 2025.
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